Could Tesla Motors Inc See a Reversal After Today’s Strong Options Activity?

 Could Tesla Motors Inc See a Reversal After Today's Strong Options Activity?

In today’s session Tesla Motors Inc (TSLA) registered an unusually high (2,230) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious TSLA increase. With 2,230 contracts traded and 49654 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: TSLA161021C00230000 closed last at: $1.47 or 51.5% up. About 374,622 shares traded hands. Tesla Motors Inc (NASDAQ:TSLA) has risen 12.25% since March 2, 2016 and is uptrending. It has outperformed by 3.99% the S&P500.

Analysts await Tesla Motors Inc (NASDAQ:TSLA) to report earnings on November, 1. They expect $-0.41 earnings per share, up 59.41% or $0.60 from last year’s $-1.01 per share. After $-1.54 actual earnings per share reported by Tesla Motors Inc for the previous quarter, Wall Street now forecasts -73.38% EPS growth.

Tesla Motors Inc (NASDAQ:TSLA) Ratings Coverage

Out of 21 analysts covering Tesla Motors Inc (NASDAQ:TSLA), 10 rate it a “Buy”, 3 “Sell”, while 8 “Hold”. This means 48% are positive. $500 is the highest target while $140 is the lowest. The $270.36 average target is 27.43% above today’s ($212.16) stock price. Tesla Motors Inc has been the topic of 52 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was reinitiated by Dougherty & Company on Monday, May 9 with “Buy”. The stock of Tesla Motors Inc (NASDAQ:TSLA) has “Buy” rating given on Tuesday, August 11 by Zacks. Global Equities Research maintained the shares of TSLA in a report on Thursday, September 3 with “Buy” rating. The firm has “Neutral” rating given on Friday, June 10 by Piper Jaffray. The rating was maintained by Morgan Stanley with “Overweight” on Tuesday, September 22. The firm has “Buy” rating by Dougherty & Company given on Friday, August 7. As per Monday, August 17, the company rating was downgraded by Vetr. The firm earned “Outperform” rating on Tuesday, April 5 by Credit Suisse. The company was maintained on Wednesday, July 6 by Pacific Crest. The firm has “Buy” rating by Goldman Sachs given on Wednesday, May 18.

According to Zacks Investment Research, “Tesla Motors, Inc. designs, manufactures, and sells electric vehicles and electric vehicle powertrain components. The Company is headquartered in Palo Alto, California.”

Insitutional Activity: The institutional sentiment increased to 1.35 in Q2 2016. Its up 0.17, from 1.18 in 2016Q1. The ratio increased, as 82 funds sold all Tesla Motors Inc shares owned while 123 reduced positions. 61 funds bought stakes while 216 increased positions. They now own 98.03 million shares or 2.04% more from 96.07 million shares in 2016Q1.
Johnson Inv Counsel has invested 0.03% of its portfolio in Tesla Motors Inc (NASDAQ:TSLA). Weatherly Asset Mgmt Ltd Partnership holds 13,555 shares or 0.19% of its portfolio. Pnc Fincl Ser Group holds 0% or 14,566 shares in its portfolio. Moreover, Franklin has 0.01% invested in Tesla Motors Inc (NASDAQ:TSLA) for 90,148 shares. Ashfield Cap Prtnrs Ltd Co accumulated 5,187 shares or 0.09% of the stock. Thornburg last reported 36,898 shares in the company. Johnson Financial Group last reported 310 shares in the company. Manchester Cap Mngmt owns 1,637 shares or 0.05% of their US portfolio. The Montana-based Da Davidson & Company has invested 0.02% in Tesla Motors Inc (NASDAQ:TSLA). Delta Asset Llc Tn owns 25 shares or 0% of their US portfolio. Jefferies Group Llc has 0.16% invested in the company for 170,777 shares. Amf Pensionsforsakring holds 0.21% or 77,343 shares in its portfolio. California State Teachers Retirement last reported 248,190 shares in the company. Royal Comml Bank Of Canada accumulated 128,413 shares or 0.02% of the stock. Moreover, Rech Investors has 0.06% invested in Tesla Motors Inc (NASDAQ:TSLA) for 812,300 shares.

Insider Transactions: Since April 26, 2016, the stock had 0 insider buys, and 4 selling transactions for $1.91 million net activity. 460 Tesla Motors Inc (NASDAQ:TSLA) shares with value of $103,211 were sold by Musk Kimbal. Shares for $253,134 were sold by FIELD JOHN DOUGLAS.

Tesla Motors, Inc. designs, develops, makes and sells electric vehicles and energy storage products. The company has a market cap of $31.21 billion. The Firm produces and sells two electric vehicles: the Model S sedan and the Model X sport utility vehicle . It currently has negative earnings. The Firm has delivered over 107,000 Model S vehicles across the world.

TSLA Company Profile

Tesla Motors, Inc., incorporated on July 1, 2003, designs, develops, makes and sells electric vehicles and energy storage products. The Firm produces and sells two electric vehicles: the Model S sedan and the Model X sport utility vehicle (SUV). The Firm has delivered over 107,000 Model S vehicles across the world. In addition to developing its own vehicles, it sells energy storage products. The Company’s energy storage products include the seven kilowatt-hour and 10 kilowatt-hour Powerwall for residential applications, and the 100 kilowatt-hour Powerpack for commercial and industrial applications. The Firm delivers energy storage products products under the Tesla Energy brand. It makes its products primarily at its facilities in Fremont, California, Lathrop, California, Tilburg, Netherlands and at its Gigafactory near Reno, Nevada. It is using battery packs manufactured at the Gigafactory for its energy storage products.

More notable recent Tesla Motors Inc (NASDAQ:TSLA) news were published by: Fool.com which released: “1 Chart Shows Tesla Motors, Inc.’s Staggering Growth” on October 04, 2016, also Fool.com with their article: “Tesla Motors, Inc. Hires Former Apple PR Veteran” published on September 30, 2016, Fool.com published: “Tesla Motors, Inc. Expects Q3 to Be Its “Best Ever”” on September 29, 2016. More interesting news about Tesla Motors Inc (NASDAQ:TSLA) were released by: Fool.com and their article: “Can Tesla Motors, Inc.’s Vehicle Deliveries Live Up to Big Guidance?” published on September 28, 2016 as well as Fool.com‘s news article titled: “Does the Bolt Really Have More Range Than Tesla Motors, Inc.’s Model 3?” with publication date: September 27, 2016.

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